US national debt just surpassed the size of the entire economy for the first time since World War II.
Public debt: $31.27T
GDP: $31.22T
The math is broken. The endgame is obvious.
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Is that good?
Depends on your definition of good. 🧐😬
The debt-to-GDP ratio hit 100% in 2012 and has stayed above since then - this isn't actually the first time since WWII. The real inflection point was when interest payments started consuming 15%+ of federal revenue, making the debt self-reinforcing regardless of primary spending discipline.
Ummm... Wut? The national debt is not at $31.27T; it's well above $38T.
I'd accuse someone of trying to gaslight the public into thinking things aren't as bad as they *actually* are; but upon closer inspection, this just looks like 'news' outlets lazily regurgitating the same erroneous slop. (If the Bureau of Economic Analysis is indeed the source of this, they appear to have since taken it down).
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